Tamar and Matthew Veatch counted on a yearly six-figure sweepstakes check from Publishers Clearing House (PCH) to boost their Veterans Affairs disability income for four years. This February, the expected payout, just under $200,000 after taxes, did not show up.
PCH Sale to ARB Blocks Former Winners from Payouts
The couple, both disabled Army veterans with three young kids, first got promises from PCH that checks would start again in July, every three months, reported The Wall Street Journal. However, April brought bad news: the well-known sweepstakes company went bankrupt, naming ten prize winners as some of its biggest unpaid creditors. Court papers reveal eight of them were owed over $2 million…